Most of the European markets fell Monday as investors remained watchful waiting for policymakers around the world to announce stimulus measures to boost the faltering global economy.
Samsung Electronics shares tumbled more than 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their U.S. patent battle raised concerns about its smartphone business - its biggest cash cow.
Most of the Asian markets fell Monday as investors' concerns about the faltering global economy undermined the expectations for stimulus measures from China and the U.S. Federal Reserve.
In the wake of the $1.05 billion verdict delivered Friday in the widely watched U.S. intellectual-property case won by Apple Inc. (Nasdaq: AAPL) and lost by Samsung Electronics Co. Ltd. (Korea: 005930), Samsung was battered in Korea Exchange trading Monday.
With the approach of Tropical Storm Isaac in the Gulf of Mexico, about 24.2 percent of the gulf's daily oil production and about 8.2 percent of its daily natural-gas production has been shut-in, according to estimates of the U.S. Interior Department's Bureau of Safety and Environmental Enforcement.
Lonmin PLC, the platinum producer whose Marikana mine in South Africa was the site of deadly protests during the past several weeks, is pushing for a return to business as usual after an operations shutdown caused by a wildcat strike and a period of national mourning.
German Chancellor Angela Merkel voiced support for Bundesbank chief Jens Weidmann on Sunday, saying she welcomed his warnings about the handling of the euro zone debt crisis and saw his influence within the European Central Bank as positive.
Germany rejected Sunday calls to give Greece more time to implement economic reforms, with the economy minister saying in an interview that Athens needs to respect the bailout deal reached with its international creditors.
Now that 2012 is two-thirds over, it’s already time to label it, like the Asians do. Unlike 4709, it’s not the Year of the Dragon. It’s the Year of Anticipation.
After scoring a decisive win over competitor Samsung in the high-profile patent trial Friday, August 24, Apple has now shifted focus toward Microsoft, and is planning to unveil a smaller iPad, popularly referred to as "iPad Mini" to take on the Redmond software giant's tablet, Surface.
Krispy Kreme Doughnuts Inc plans to open its first Indian store this year, but the maker of the Original Glazed will find it is not alone in its bid to cash in on the $13 billion Western fast food market in Asia's third-largest economy.
Most Asian markets ended on a negative note last week as disappointing economic reports on China and the euro zone revived concerns over the floundering global economy while the lack of stimulus measures from policymakers also weighed.
With casualties of the earthshaking explosion at Venezuela's largest oil refinery rising to 39 dead and more than 80 injured on Saturday, President Hugo Chavez has called for an investigation to determine the cause of the firestorm at the Amuay plant in Falcon state in the northwest of the country.
Global automakers from Renault SA (Paris: RNO) to Ford Motor Company (NYSE: F) to Chinese companies like Geely Automotive are all racing to get a piece of the long-term potential promised by Africa's burgeoning automotive market. The continent's economy is on the rise, and despite very real improvements in the quality of life and standards of living in many African countries, risks for multinational manufacturers remain.
New York Police Commissioner Raymond Kelly told reporters Saturday that the nine pedestrians wounded outside the Empire State Building on Friday morning were injured by police bullets. This news follows word of a study that claimed NYPD officers should be given better weapons training.
Two U.S. Embassy employees were shot at by the Mexican Federal Police Friday when their vehicle entered an area on the outskirts of Mexico City that was frequented by drug cartels, common criminals and leftist rebels in the past.
The top after-market Nasdaq gainers Friday were Maxygen Inc, QuickLogic Corporation, Novavax Inc and Brooks Automation Inc. The top after-market Nasdaq losers were Oncothyreon Inc, Alkermes plc, Cree Inc and Ultra Clean Holdings Inc.
Apple had the last laugh in its epic Apple v. Samsung patent-infringement lawsuit and was awarded $1.051 billion in damages by a California jury. Take a look at the list of the patents involved in the lawsuit and the devices that were found to infringe on those patents.
Investors feel that policy measures should be implemented to regain the growth momentum of the Japanese economy, which has been affected by the soft global demand and the worsening crisis in the euro zone.
The top after-market NYSE gainers Friday were Delek US Holdings, Cenveo, Demand Media, Magnum Hunter Resources and Radioshack Corp. The top after-market NYSE losers were Stillwater Mining, Nationstar Mortgage Holdings, Hovnanian Enterprises, Standard Pacific Corp and SM Energy Co.
Most of the Asian markets fell in the week as investor confidence was dragged down by the lack of stimulus measures from policymakers to support the global economy and regain growth momentum.
Apple Inc scored a sweeping legal victory over Samsung on Friday as a U.S. jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages.
Jeffrey Johnson returned to the location of his old job at the Hazan Import Corp. in New York, killing former co-worker Steve Ercolino on Friday. Since the shooting, details have emerged about who Johnson was.
In an epic $1.05 billion verdict Friday in the widely watched intellectual-property case between Apple Inc. (Nasdaq: AAPL) and Samsung Electronics Co. Ltd. (Korea: 005930), a jury in California decided for Apple and against Samsung on six of seven patent-infringement claims centered on mobile devices.
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Our picks for Aug. 19-24 include the Federal Reserve Bank of New York and Eli Lilly & Co. on one side, and ZeekRewards and Best Buy Co. Inc. on the other side.
The jury reached an earlier-than-expected verdict Friday in the Apple Inc. v. Samsung Electronics Co. Ltd. et al. case being heard by the U.S. District Court for the Northern District of California, according to multiple media reports.
Zynga Inc. lost another high-profile executive, when Alan Patmore, the San Francisco-based social game developer's general manager for its popular Facebook title "CityVille," left the company for Kixeye Inc.
Facebook Inc. (Nasdaq: FB)'s stock may be sinking, but it is forging ahead with an expansion to its campus in Menlo Park, Calif., designed by the renowned architect Frank Gehry.
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
The Newspaper Association of America on Thursday blasted the Postal Regulatory Commission over a plan to give one of the industry's largest competitors a special discount on advertising circulars.
